Property Market News

How the Neston property market compares with neighbouring areas of the North West.

Neston is a nice historic market town with a good community feel. . It’s a very good place to buy a property, it’s a sometimes expensive but desirable area consisting of Burton, Puddington, Little Neston, Neston, Ness, Parkgate and Willaston.

Neston is a short distance from the A540 Chester to West Kirby road, it nestles into the Cheshire countryside providing a peaceful setting for its regular, historic Friday Market.

Parkgate is down the road which is very pleasant and popular for walks, its distinctive architecture is an indication of its historic roots and many of the old coaching houses provide for local pubs and places to eat. It’s got excellent transport links for Chester the Wirral and Liverpool. Free car parking makes it an attractive place to stop and its close proximity to the Wirral Country Park provides access for walkers and cyclists alike.

There are a matrix of local walks that link the surrounding villages with the town and the spectacular views of the Dee estuary and the Welsh hills is always within range. There is a good diverse range of good quality housing stock for buyer, tenant, landlord or investor.

Most of the sales* in Neston over the past year were detached properties which on average sold for £279,471 more expensive than nearby Chester (£210,294), but was cheaper than Heswall (£281,044). Semi-detached properties had an average sold price of £160,083 and terraced properties averaged at £152,657..In the past year house prices in Neston were 4% up on the year before. This compares with Chester at 3% growth and Heswall at the same level as last year. Neston represents nice niche market for the canny buyer whether you are looking for a home or an investment.

The rental market** in Neston is healthy with rental yields as follows:

Average rent (pcm) Median rent (pcm) Average ToM

One bedroom £478 £494 62 days

Two bedrooms £649 £585 51 days

Three bedrooms £814 £750 48 days

Four bedrooms £968 £1,001 46 days

Five bedrooms £1,248 £1,248 75 days

Flat £572 £498 59 days

House £874 £750 46 days

Whether you are a buyer, tenant, landlord or investor please contact us for help and advice on the property market in Wirral, Cheshire and Merseyside.

Steve Nelson

Constables Estate Agents

*Source RightMove

**Source Home.co.uk

January 6th 2016

The Stamp Duty changes for Buy to Let property announced in the Autumn Statement take effect in April .With the average Buy to Let mortgage application taking 95days we are advising clients to act fast to beat the deadline . We can help ! At Constables our specialist team of Financial Advisers can help turn things around fast .Our expertise in sourcing the right property for you also helps ensure a quick effective and professional response.